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Credit Suisse, New Residential Prep Non-Agency MBS Backed by Seasoned Mortgages

October 3, 2018
Brandon Ivey
In the New Rez deal, the mortgage have seasoned for more than 13 years, on average…
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CMLA Criticizes Brookings Report on Nonbank Mortgage Firms

October 3, 2018
Paul Muolo
Rob Zimmer of CMLA: “The organization [Brookings] is now pushing a deeply flawed report that uses veterans and active-duty personnel as pawns…”
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CFPB’s Mulvaney Says Reorg Will Continue Despite Criticism of Fair Lending Chief

October 3, 2018
Yemeng Yang
CFPB Director Mulvaney: “I will not be undoing the changes. I recognize this is not the result that some of you may have wanted. But I stand by my decision and we will proceed accordingly.”
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FHFA’s Examiner Program Under Fire for Lack of Results

October 3, 2018
Carisa Chappell
During a House hearing, Rep. Ann Wagner, R-MO, criticized the FHFA for spending $7.7 million on what she called a “crucial training program which lacks professionalism, among other things…”
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Short Takes: How High Might the Yield on the 10-Year Go? / Waiting on a Stock Market Correction / Deficits Don’t Matter Anymore (For Now) / A New Office for Better Mortgage / Richey Buys Two / Freddie Promotes Former Wells Fargo Exec

October 3, 2018
Paul Muolo
The stock market hit a new high. What possibly could go wrong?
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Trade Groups Seek Changes to LO Compensation Rule

October 2, 2018
Yemeng Yang
Trade groups said the rule, while well-intentioned, is causing serious problems for the mortgage industry…
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MSR Sales Were Slow in 3Q18, but Pace May Quicken as Yearend Approaches

October 2, 2018
Paul Muolo
One fact that all dealmakers can agree on is that MSR pricing is the best it’s been all decade…
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One Reason FHA Premiums Won’t be Cut? Slow Servicers…

October 2, 2018
Paul Muolo
In 10 cases, the servicing process was delayed by more than two years...
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GSE Shareholders Take Solace in Partial Win Against FHFA, Treasury

October 2, 2018
Carisa Chappell
Investors Unite: “Lamberth’s ruling does not mean reimbursement checks are on the way…”
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Short Takes: Top-Ranked Subservicer Hires Nonbank Execs / Soon to be One: Ocwen and PHH / NAR Bolsters its Government Affairs Staff / One Criticism of Jeb / California, the Golden GSE State

October 2, 2018
Carisa Chappell and Paul Muolo
One criticism of Hensarling is that his conservative ideals prevented him from shaping a consensus bill to reform Fannie Mae and Freddie Mac...
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